Blockbuster Video Is Dead. The Rest Are Soon To Follow
On this episode of “Things I Learned Today,” I discuss the recent announcement by Blockbuster video, saying they are going to close the remaining stores, and go entirely out of business. Their business model is failing, and they aren’t able to sustain themselves any longer against the competition that is present on all sides. Blockbuster Video is dead.
This sort of thing isn’t really new, in terms of individual stores in certain communities. Some populated places don’t even have brick and mortar video stores anymore. The entire premise of that business model is simply gone. It’s not profitable, and cannot survive in some areas. While it isn’t new that a Blockbuster or two is closing, the entire brand closing up is an entirely different matter.
How much longer until this sort of business is gone completely? When will streaming services rule our entertainment channels uncontested? It’s been dishing out a beating for a while, and I think the final haymaker is winding up. Media outlets have already acknowledged the fate of this particular section of the industry, and even satire sites like the Onion have had their way with Blockbuster in the past.
What it all comes down to, in reality, is adjusting to market conditions. It comes down to seeing what is happening, and working forward with your business in a way that allows for sustainable growth. DVD is out. Internet is in. The game will soon be over for video stores. Just face it.
[alert type=”success”]The best part about “Things I Learned Today” is the sharing element. It isn’t just about what I learned, but it’s about you as well! You can join in on the show by telling me what you learned today in the comments below! It’s fun. Join in.[/alert]